Paccar Mexico to sell Ps. 700 million of certificados bursatiles

By Reshmi Basu

New York, June 27 - Paccar Mexico SA de CV Sofol plans to issue Ps. 700 million of certificados bursatiles (MX-1/mxA-1+/) in two tranches on Wednesday.

The issuer plans to sell Ps. 150 million of 14-day certificados bursatiles. The maturity date is July 13, 2006.

The second tranche includes Ps. 550 million of 28-day certificados bursatiles. The maturity date is July 27, 2006.

Scotia Inverlat Casa de Bolsa SA de CV is the auction agent for both transactions.

Meanwhile settlement for the issues is scheduled for Thursday.

The 14-day certificates are issue number 046 in Paccar's current certificados bursatiles program. The 28-day certificates are issue number 047.

The Mexicali, Baja California, Mexico-based issuer is truck manufacturer and a subsidiary of Bellevue, Wash.-based Paccar Inc.

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